Upbeat data could support a higher open in Frankfurt on Monday, but investors will also be paying attention to the sentiment of US players ahead of a key week for Wall Street.

Germany’s manufacturing PMI is due for release on Tuesday at 07:55 GMT, accompanied by the unemployment rate. By the same time on Thursday, the services PMI for July will be out, while factory orders are set for publishing on Friday as of 06:00 GMT.

Last week, the German benchmark index ended 0.40 percent or 49.34 points lower at 12,162.70, with Food & Beverages, Basic Resources and Utilities weighing the most.

Among top performs we have seen Adidas AG adding 8.79 percent to 192.55, Prosiebensat 1 Media AG rising 0.98 percent to 33.440 and Commerzbank AG O.N. unchanged at 11.135.

Market analysts are currently suggesting that the direction of the DAX will depend more on technical factors than on the fundamental environment. A recovery to 12,300 is likely after a brief consolidation period above the 12,100 is formed in the next few hours.